Trading by Type of Investors

File Format

TSE posts trading volume (face value) data on its website in both Excel and PDF formats. Data is divided into two datasets ("TSE Market" and "Tokyo & Nagoya"), and each set of data in the Excel file is organized into separate worksheets, while the PDF file presents the sets of data one after the other within the same file.

(note)
  • ・Until the 2nd week of July, 2013, indicates "TSE Market" and "Total of Tokyo, Osaka and Nagoya".

Issues

Convertible bonds listed on the Tokyo and Nagoya Stock Exchanges (excludes exchangeable bonds).

(note)
  • ・Until the 2nd week of July, 2013, indicates domestic CB listed on Tokyo SE, Osaka SE and Nagoya SE

Transactions

  • Auction trading
  • ToSTNeT trading
  • Transactions for error correction

Scope of Survey

General trading participants with capital of at least 3 billion yen.

Definition of Investment Categories

(1) Foreigners

  1. Non-residents" as defined in Article 6, Paragraph 1, Item 6 of the Foreign Exchange Act (Foreign Exchange and Foreign Trade Act). Since overseas branches and overseas subsidiaries of Japanese corporations are also classified as "Non- residents", they are included in "Foreigners", but since Japanese branch offices of foreign corporations excluding those in b. below are classified as "Residents", they will be included in (4) Other corporations or (8) Other financial institutions. Similarly, since Japanese subsidiaries of foreign corporations are classified as "Residents", they will be classified into the respective investment category.
  2. Japanese branch offices established in Japan by foreign securities companies which not TSE trading participants.

(2) Investment Trusts

Investment trust management companies and asset management companies as defined by the Investment Trust Act (Act on investment Trusts and Investment Corporations).

(3)Business Companies

Joint-stock companies, limited companies and partnership companies (mochibun kaisha), including general partnership companies (gomei kaisha), limited partnership companies (goshi kaisha) and limited liability companies (godo kaisha), that do not fall under (1), (2) and (5) through (8) inclusive. Also includes business companies that control financial institutions. All holding companies fall under business companies.

(4)Other Corporations

Institutions excluding (1) that do not fall under financial institutions, investment trusts and business companies. More specifically, groups such as government and local public bodies and their affiliated organizations, foundations, special corporations, employee shareholding associations, friendship associations and labor unions, and Japanese branch offices of foreign corporations that are not financial institutions fall under this category. Since the investment categories for "convertible bonds" do not include the category "securities companies", data on brokerage orders from securities companies excluding (1) b. is aggregated under "Other corporations". Also, proprietary trading engaged in by all trading participants covered by the survey is aggregated under "proprietary" as with other products.

(5)Life & Non-life

Life insurance companies and non-life insurance companies as defined by the Insurance Business Act.

(6)City & Regional banks

Regular Japanese banks licensed under the Banking Act.

(7)Trust Banks

Trust banks that are members of the Trust Companies Association of Japan.

(8)Other Fnancial Institutions

Financial institutions besides (5) through (7) inclusive.
More specifically, credit unions, credit associations, agriculture-related financial institutions, various mutual aid associations, government-related financial institutions and Japanese branch offices of foreign banks fall under this category.